What will you do when your money works for you? | Call 1-800-584-3652 | Account

Women Have Assume a Larger Role in Family Finance

news 07

The change has been gradual but notable & carries over to retirement planning.
Provided by TechGirl Financial

More women have become the primary wage earners in their households

Generations ago, life and financial roles were cut and dried according to gender. Man: breadwinner. Woman: homemaker. Those stereotypes have, thankfully, shattered. According to the Bureau of Labor Statistics, 38% of women in heterosexual marriages now earn more than their husbands. Thirty years ago, less than one-quarter did.1

The Great Recession of 2007-09 may have contributed to this shift

In June 2010, Department of Labor data showed that nearly 22% of American men aged 25-65 were unemployed. In addition, 16.6% of all Americans were in the “underemployed” population, either jobless or working less than 40 hours per week; it is reasonable to assume that men made up roughly half of that demographic.2

So, in mid-2010, perhaps a quarter of American men aged 25-65 had no full-time job, and, in millions more American households, the woman of the house had become the primary wage earner.

As the economy improved, households with women breadwinners were in good shape

A 2013 Pew Research Center study of Census Bureau data found that, by 2011, the median total family income of such households was $80,000, compared to the national median of $57,100 for all families with children. Furthermore, the PRC analysis determined that 40% of households with children younger than age 18 were headed by women breadwinners in 2013, an all-time high. That compared to 10% in 1960.3,4

Wives who earn more than husbands often control family money

Author Farnoosh Torabi (When She Makes More: 10 Rules for Breadwinning Women) conducted her own study on heterosexual households with women breadwinners in 2015, interviewing more than 1,000 women in the process. The key finding? When a woman is the top earner in a household, she is more likely to handle financial tasks and decision making.4
Women who made more than their husbands were 62% likely to pay the bills and 56% likely to initiate family or spousal conversations about money. Respectively, that compares to 43% and 43% when the woman makes less than the man.4
Significantly, 44% of breadwinning women Torabi interviewed made investment decisions for their households (compared to just 27% when the man earned more). On top of that, 54% of breadwinning women took on the task of retirement planning for their households, as opposed to 31% when the male was the breadwinner. These findings are very encouraging, as so many financial professionals urge women to take an active role in saving and investing for retirement.4
One study suggests more women are focusing on retirement planning
Financial Finesse, a provider of financial education for large employers, puts out an annual survey called The Gender Gap in Financial Literacy. The 2015 edition (released last fall) showed a 4.2% rise from 2012 in the percentage of women who said their retirement planning was on course. The percentage of women who had an asset allocation plan for their investment portfolios also rose 4.2% in that interval.5
If you ask some financial professionals, they will tell you that they find women more open to financial education, with fewer entrenched beliefs and presumptions. Women are often quick to realize how much they don’t know, how much they can learn, and how much needs to be done. Coming to the realization that you need to do more for retirement is a good thing. Many pre-retiree households could do much more: according to a BlackRock survey, the average “leading edge” baby boomer (age 55-65) has $136,200 in a retirement savings account, which would produce retirement income of roughly $9,100 a year.6
With retirement accounts and retirement dreams at stake, it isn’t surprising that high-earning women are taking the lead for millions of families – and asking for all the financial education they can get.
This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.
Registered Representative of and securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, MemberFINRA/SIPC. Investment advisory services offered through Cambridge Investment Research Advisors, a Registered Investment Advisor. TechGirl Financial and Cambridge Investment Research, Inc., are not affiliated companies.
1 – fivethirtyeight.com/datalab/how-many-women-earn-more-than-their-husbands/ [2/5/15]
2 – marketwatch.com/story/the-three-biggest-lies-about-the-us-economy-2010-06-29 [6/29/10]
3 – businessinsider.com/women-continue-rising-as-breadwinners-2013-5 [5/29/13]
4 – businessinsider.com/breadwinning-women-control-family-money-2015-3 [3/16/15]
5 – nextavenue.org/the-unexpected-news-about-women-men-and-retirement/ [9/16/15]
6 – seattletimes.com/business/workers-need-more-help-making-retirement-cushion/ [5/28/16]

Money Concerns for Those Remarrying

news 03

Aliquam pellentesque velit et augue viverra dapibus. Cras tempus ultrices iaculis. Fusce feugiat, arcu condimentum malesuada sodales, quam elit porttitor neque, quis dictum felis lectus adipiscing ante.

Suspendisse libero erat, consectetur sit amet iaculis ac, faucibus ac diam. Aliquam ut tellus leo. Proin a risus porta lectus dignissim rhoncus. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Suspendisse imperdiet felis semper sem congue eget luctus odio blandit. Maecenas purus nunc, convallis in dictum vitae, pulvinar sed est.

Quisque eu odio sed elit dapibus imperdiet. Pellentesque in neque lorem, nec suscipit enim. In mattis pretium ante vel interdum. Integer sodales enim at enim faucibus porttitor. Donec placerat porttitor sollicitudin. Praesent lectus libero, pulvinar quis commodo in, mollis ac neque. Nulla ultricies volutpat neque, ut consequat mi accumsan sit amet. Vivamus elementum tempor augue sed pharetra. Aliquam sit amet libero id lectus tincidunt suscipit. Maecenas convallis orci eu mi ultricies eu facilisis metus consequat. Morbi eu lorem in dolor viverra hendrerit nec eget nisl. Proin adipiscing, diam non sagittis bibendum, diam augue rhoncus justo, non scelerisque erat massa id purus.

Cras sed sapien ac nunc adipiscing tempus blandit id urna. Etiam congue tortor eget massa mattis venenatis. In hac habitasse platea dictumst. Duis eu nulla non tellus aliquet placerat. Nam non nisi id urna pharetra pellentesque sit amet id justo. Sed convallis volutpat vulputate. Vivamus vitae arcu et neque sollicitudin ornare. Curabitur ut purus sit amet nisi convallis consectetur ut a turpis. Praesent gravida vestibulum sapien eu rutrum. Nulla tristique metus eu felis luctus nec dictum ante porttitor. Suspendisse potenti. Duis vel elit metus, at porttitor arcu.

More women Focusing on Retirement Planning

news 01

Financial Finesse, a provider of financial education for large employers, puts out an annual survey called The Gender Gap in Financial Literacy.

Curabitur suscipit tortor et leo condimentum imperdiet egestas risus pharetra. Maecenas eu lorem justo. Mauris faucibus dui eu justo euismod faucibus. In varius ultrices elit, ac ultrices diam tempor eu. Nulla ultrices, sapien sed consequat dapibus, nunc purus rutrum ligula, id egestas eros urna sit amet tortor.

Aliquam porttitor turpis eget arcu dictum nec tempor augue tempus. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Maecenas quis magna quis arcu scelerisque sagittis. Integer sit amet velit sit amet metus pretium pellentesque. Fusce interdum felis in nisi tincidunt at sollicitudin nisl elementum. Quisque est diam, varius sit amet scelerisque ut, aliquet vitae ipsum. Nulla facilisi. Ut lacinia semper porta. Donec quis eros non mi scelerisque adipiscing sed quis orci. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus.

Proin scelerisque tellus eget velit consequat volutpat. Proin porta orci non quam egestas ut varius leo fermentum. Integer dui velit, dignissim ac elementum nec, vestibulum eget erat. Morbi pretium quam non risus semper bibendum. Fusce faucibus, nulla eu volutpat rhoncus, enim erat eleifend purus, cursus bibendum mi nibh vitae leo. Morbi cursus aliquet turpis, nec aliquet augue tincidunt volutpat. Aenean sed dui massa.

Fusce id metus purus. Donec eu mollis sapien. Vestibulum condimentum mauris ac nunc venenatis ut convallis mi accumsan. Nam rutrum, nunc at pellentesque vehicula, leo nunc feugiat mi, ac adipiscing enim neque ut elit. Suspendisse quis nunc et nunc tempor iaculis. Etiam erat nulla, malesuada eu rhoncus a, rutrum vitae ante. Vestibulum ac quam pulvinar arcu adipiscing semper. Donec ullamcorper tempus magna id malesuada. Nunc velit leo, ultrices non rhoncus et, scelerisque nec lacus. Proin tellus ipsum, tempor ut laoreet vel, adipiscing in sem. Integer pellentesque justo vitae nunc feugiat rutrum. Fusce ut diam nulla.

College Funding Options – Saving Vehicles to Consider

news 06

You can plan to meet the costs through a variety of methods.

Vitae faucibus nisi urna a augue. Phasellus faucibus tristique risus quis congue. Duis a tellus lacinia nibh vestibulum imperdiet. Integer egestas lectus sed sem rutrum cursus. In vitae mauris lacus. Sed leo est, dictum eget dignissim et, blandit eget felis. Praesent hendrerit felis dolor. Suspendisse potenti. Aenean mauris elit, sodales quis dapibus non, commodo in diam.

Aliquam a nisl elit, vitae pharetra sem. Morbi dignissim tortor in quam consequat eu aliquam tortor mollis. Aenean ac magna magna. Etiam venenatis dictum ipsum, sit amet luctus mi tempor nec. Aenean magna enim, volutpat at tempor id, venenatis in nisi. Morbi lacinia elit in lacus ultrices porttitor. Duis magna nunc, congue ac dapibus vel, viverra venenatis augue. Integer vulputate aliquet semper. Cras id magna id ipsum commodo eleifend eu in lorem. Maecenas adipiscing aliquet quam ut posuere.

Ut ante augue, accumsan id gravida tristique, fringilla quis turpis. Vestibulum hendrerit, mauris sed feugiat lobortis, sapien turpis adipiscing risus, gravida scelerisque augue augue nec lorem. Nulla sit amet magna risus. Integer felis ipsum, elementum a elementum eget, molestie et orci. Ut nec dui ligula. Praesent tincidunt lectus ac massa vehicula vitae egestas ipsum suscipit. Maecenas nisl lectus, euismod in hendrerit vitae, egestas a velit. Nulla et porttitor nisi. Proin aliquet nunc sed eros dictum rhoncus. Donec dolor justo, volutpat vel fringilla eget, porta et dui. Pellentesque consequat aliquam nulla at congue. Nullam faucibus aliquet dolor sed pulvinar. Suspendisse gravida luctus magna, et euismod tortor pharetra euismod.

Fusce pharetra tincidunt vestibulum. Proin sit amet ante eget orci ultricies euismod in quis lacus. Suspendisse potenti. Mauris ornare risus ut urna placerat vulputate gravida ligula pharetra. Etiam in mi id enim rutrum sodales vitae in nunc. Nulla vel ante sed lectus iaculis aliquet nec at elit. Pellentesque sit amet urna sit amet felis ullamcorper ornare. Integer sit amet orci odio. Morbi cursus massa id diam sollicitudin malesuada. Etiam elit turpis, consectetur ut pellentesque et, euismod a est. Phasellus purus sapien, aliquet eget pretium vel, tincidunt sit amet nibh. Curabitur in erat justo. Etiam non turpis risus.

Quisque elementum, sem a cursus porttitor, felis nibh semper mauris, non rutrum orci elit id dolor. Etiam ac turpis magna. Maecenas quam enim, fringilla quis malesuada sed, ultrices a purus. Suspendisse potenti. Pellentesque sodales, metus nec condimentum tempus, ante diam tempor purus, mattis iaculis lectus mauris quis dolor. Pellentesque ut molestie lectus. Maecenas consectetur fringilla commodo. Donec adipiscing venenatis aliquet. Etiam commodo imperdiet fringilla. Nunc dapibus velit sed metus porta vehicula.

Can I Afford to Get Divorced?

news 05

To some who have never faced divorce, this appears to be a ridiculous question.

Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Duis et sapien a lorem convallis hendrerit. Phasellus interdum ante a erat vehicula molestie. Donec hendrerit mattis lorem ut auctor. Phasellus fermentum, elit quis mollis suscipit, arcu risus blandit mi, a facilisis mi tortor sit amet nibh. Aenean nulla nibh, sollicitudin vitae consectetur et, auctor sed enim. Nam diam neque, tempus et semper id, pulvinar et velit.

In sagittis ornare pretium. Morbi malesuada bibendum consequat. Quisque et sem massa. Integer posuere risus eget ipsum volutpat id fermentum erat dictum. Aliquam egestas euismod felis, sed suscipit nulla blandit non. Aliquam sagittis pellentesque purus et tempor. Duis ac odio nunc, ut molestie mi. Nulla facilisi.

Integer mollis erat a urna luctus commodo. Maecenas lobortis faucibus ante eu vehicula. Proin aliquet pulvinar enim in commodo. Praesent tempus faucibus nisi vitae ultricies. Cras rutrum, leo nec tincidunt ullamcorper, sem augue convallis neque, consectetur auctor orci quam at turpis. Integer ac turpis nunc. In et elit orci, sit amet malesuada turpis. Maecenas iaculis vestibulum urna sit amet ultrices. Aliquam a dignissim mi.

Pellentesque dolor risus, consectetur vitae accumsan pretium, dapibus quis turpis. Pellentesque id leo eros. Nullam vulputate quam vel sem suscipit sit amet interdum risus pellentesque. Fusce felis orci, vestibulum eget feugiat ut, consectetur eu nisi. Vestibulum nec neque ut est auctor egestas sit amet quis leo. Suspendisse potenti. Proin bibendum urna ultrices velit convallis vel tempus est tristique. Aliquam sit amet purus in ipsum faucibus bibendum. Sed neque enim, posuere nec convallis quis, suscipit vel risus. Aenean scelerisque suscipit consectetur. Sed ullamcorper suscipit est, a elementum metus hendrerit tincidunt. Maecenas a dui lacus.

Mauris id egestas sem. Sed nec dolor sed nibh semper vehicula ut vel nunc. Mauris scelerisque posuere nibh eu ultrices. Vivamus eget orci vitae eros cursus euismod. Etiam in ipsum enim, non pretium nunc. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Nulla pharetra scelerisque ornare. Ut dolor ipsum, bibendum non aliquet nec, dictum at lorem. Curabitur volutpat condimentum risus at imperdiet. Proin pellentesque consectetur massa, et feugiat tortor convallis at. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse et libero quis mi dictum tempor eget sit amet mauris. Quisque eu sem eu leo rutrum semper sed quis purus. Suspendisse a justo vitae metus dictum rutrum.

Vivamus aliquet tortor nunc. Morbi vel sapien magna, vitae lacinia felis. Maecenas laoreet vulputate semper. Vivamus tempor, nunc eu imperdiet sodales, mi eros ornare ipsum, in laoreet mauris dolor a sem. Maecenas eu justo velit. Etiam in mauris risus, et luctus urna. Ut nunc neque, accumsan id ultricies in, mollis a sem. Duis sollicitudin luctus mauris. Fusce fermentum aliquet nibh, id laoreet nibh porta eu. Curabitur placerat venenatis arcu non egestas. Phasellus id magna non tellus viverra commodo non vel nisl. Morbi nec nisl vel justo accumsan dapibus eget eget arcu. Proin elementum nulla eget urna imperdiet eget tincidunt metus porta. Etiam massa enim, elementum eget accumsan vitae, eleifend nec purus. Fusce et velit libero, at bibendum mi. In vel ipsum adipiscing augue luctus convallis.

Morbi ipsum leo, elementum sit amet molestie eu, vehicula at augue. Duis dignissim ultrices mauris et consectetur. Pellentesque iaculis fermentum dui, id eleifend sapien tincidunt eu. Mauris at eleifend neque. Mauris feugiat porttitor mauris sodales vestibulum. Etiam in augue faucibus elit ornare suscipit. Donec nulla libero, bibendum nec ornare ac, tincidunt bibendum odio. Proin pulvinar euismod augue, vitae gravida mi suscipit eget. Mauris porttitor iaculis metus, nec pellentesque risus ultrices id. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Maecenas rutrum iaculis lectus, et vulputate metus tincidunt sed. Quisque ut lectus orci, in feugiat dolor. Aliquam egestas velit et urna dictum eu posuere massa mollis. Integer et massa eros. Ut in libero eget quam cursus cursus id et mi. Praesent et nisi enim, sit amet pretium turpis.

Lean In To Retirement

Check out TechGirl Financial's Article Series on how to "Lean In To Retirement".

About the Founder

Kim will put you at ease with your financial planning and help you to create a clear picture of your financial future!

Check the background of this investment professional on FINRA's BrokerCheck

Contact Us

Northern California
111 N. Market Street, Suite 300
San Jose, CA 95113
Toll-Free:  800-584-3652
Contact Us

Stay Informed

Get the latest financial news & more!


Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisors Services through Cambridge Investment Research Advisors, a Registered Investment Advisor.

Tech Girl Financial is not affiliated with Cambridge. Check the background of this investment professional on FINRA's BrokerCheck.
This communication is strictly intended for individuals residing in the states of AZ, CA, CO, FL, ID, IL, IN, KY, MI, MT, NC, NH, NJ, NV, OR, SC, SD, VA, WI. No offers may be made or accepted from any resident outside the specific states referenced.

© 2020 Tech Girl Financial, All Rights Reserved


Sign Up for Free Updates!

Receive free updates directly to your inbox.